A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Obiorah, testified on Thursday that the CBN board never recommended the 2022 Naira redesign to former President Muhammadu Buhari.
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“We humbly requested the implementation of the amendment. (But) the extract from the COG did not approve item one and item three. While item two was modified to include N200 denomination, the proposal for the exercise in 2023 wasn’t approved by the COG
President Bola Tinubu, has promised to revisit the naira redesign policy of the Central Bank of Nigeria (CBN).
The Central Bank of Nigeria (CBN) has urged Nigerians to embrace alternative payment channels such as e-Naira, USSD and other internet banking facilities in line with its cashless policy.
The Governor of Anambra State, Chukwuma Soludo has directed residents in Anambra to use the old N200, N500, and N1,000 bills for their transactions alongside their new designed counterparts.
The Nigeria Police Force says it is investigating some governors and individuals whose utterances are considered to have incited riots over the naira redesign policy of the Central Bank of Nigeria (CBN).
Three financial associations have assured that the Central Bank of Nigeria (CBN) and commercial banks would do everything possible to ensure the availability of the Naira to the general public.
The Nigeria’s Supreme Court has adjourned the suites filled by some state governors against the Federal Government over the cashless policy by the Central Bank of Nigeria (CBN) in old Naira note withdrawal to February 22 for the hearing.
ASHENEWS reports that the Niger State Governor Abubakar Sani Bello has ordered the arrest of anyone found rejecting the old Naira notes.
On Friday, the National Council of State expressed its support for the Federal government’s naira redesign policy but called on the Central Bank of Nigeria (CBN) to ensure adequate supply of cash to curb sufferings by the citizens.